March 15 (Reuters) – Toys ‘R’ Us Inc, the iconic U.S. toy retailer, is liquidating all its U.S. stores after failing to find a buyer or reach a restructuring deal with creditors to push its indebted business out of bankruptcy, the company said on Thursday.
The company also said it is engaged in discussions with some interested parties for a deal that could combine up to 200 of its top performing U.S. stores with its Canadian operations. (Reporting By Abinaya Vijayaraghavan Editing by Saumyadeb Chakrabarty).
At AdvisorLeap, we reported about the shutting down of the iconic flagship store of Toys ‘R’ Us in December 2015 and later about the possible bankruptcy, today as a final nail in the coffin, it is liquidating all its U.S stores.
